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* Federal investigators found no evidence that oil companies conspired to gouge Midwestern motorists last summer, when pump prices in Chicago, Milwaukee and other cities rose above $2 per
gallon. Investigators also concluded that the decline in gasoline prices after June was unrelated to the Federal Trade Commission’s inquiry. The FTC investigation “uncovered no evidence of
tacit or explicit collusion among market participants,” the agency’s chairman, Robert Pitofsky, wrote Rep. W.J. “Billy” Tauzin (R-La.), chairman of the House Energy and Commerce Committee. *
Lockheed Martin Corp. said it named Controller Christopher Kubasik as chief financial officer. Kubasik, 39, replaces Robert Stevens, 49, who was named president and chief operating officer
in October. No successor has been named for controller. * Guide to Our Staff: Need to reach Business section reporters or editors? A guide to the section’s staff can be found at
https://www.latimes.com/bizstaff. MORE TO READ
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